Project Life Cycle
The project life cycle of a project may be the most important tool for visualization
of appropriate project management tools utilization in order to avoid unbecoming
situations normally ending up in unresolved disputes, arbitration or plain claims.
The figure below shows a typical summary schedule network depicting the main
activities involved in a typical project life cycle.
When a project is proposed a very elementary procedure based on personal
experience, historical data, project analogy, incipient design or a combination of
..them are set on the table in the form of a package usually called Conceptual Estimate Scoping Paper